New Delhi, 17/02/2025: National Thermal Power Corporation (NTPC), one of India’s largest state-owned energy companies, has unveiled plans to invest approximately $62 billion in the expansion of its nuclear power capacity. Over the next two decades, NTPC aims to increase its nuclear power generation by 30 gigawatts (GW).
The company initially targeted a 10 GW increase in nuclear capacity but reduced this goal to 3 GW following recent government plans to open up the sector to both foreign and domestic investment. Despite this adjustment, NTPC is committed to driving growth in India’s nuclear power sector, alongside its goal of reaching 500 GW of non-fossil fuel-based power by 2030, and 100 GW of nuclear capacity by 2047.
India’s Nuclear Power Corporation, currently the only operator of nuclear power in the country, manages 8 GW of capacity and plans to boost it to 20 GW by 2032. NTPC is also progressing with the construction of two 2.6 GW nuclear plants in Madhya Pradesh and Rajasthan.
The company is currently seeking fast-track approvals for land in eight states, including Gujarat, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu, as it navigates local opposition and land acquisition challenges that have slowed the country’s nuclear power growth.
